French laser technology company Lumibird's stock price rises as its Swedish subsidiary signs a defense contract with Rheinmetall

2026-02-10 16:39:05

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Investing.com – On Tuesday, French laser technology company Lumibird’s stock rose 4% after its Swedish subsidiary signed a contract with Rheinmetall Air Defence.

Under the agreement, Lumibird will supply VIDAR laser rangefinders for the equipment to be delivered to the Netherlands’ Skyranger 30 air defense system.

According to the company, the contract duration is from 2026 to 2028.

As part of the agreement, Rheinmetall will integrate Lumibird’s laser technology into its air defense systems.

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